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6527 Falcons Hts San Antonio, TX 78233

3 Beds 3 Baths 1,697 sqft Built 2003

$199,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $117.80
  • 3 Days on Market
  • MLS # : 1497149
  • Updated Date : 11/28/2020 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Home Conexion Realty

Listing Agent's Description

Great starter Home in Northeast San Antonio. Easy access to 35 and Loop. Close to Randolph AFB and Ft Sam Houston. Home is very open floorplan and has oversized Bedrooms, and a large Family Dining room combo area. Huge Kitchen, Great Back yard with lots of room to grow! Come pick your flooring and paint colors and put your personal touch and make this home yours. Home is Vacant and easy to show!

SEE MORE

MARKET HIGHLIGHTS

  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Valley Forge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Valley Forge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Woodstone Elementary School Primary Regular 857 51 3
Wood Middle School Middle Regular 1,042 65 4
Roosevelt High School High Regular 2,916 186 4

Woodstone Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 51
3
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$125
HOA -$23
Property Management Fees -$99
CASH FLOW
-$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$199,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,608

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,380

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4003$1,4004$1,4755$1,575
$1,575
RENT COMPS ANALYSIS
  • 6527 Falcons Hts San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.81
    •  
  • 6611 Cibola Forest San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 13227 Chavez Circle San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 12915 Thomas Sumter St San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2006
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 6602 Nora Vista Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Louis Espinar
1.210.396.1536
New Home Conexion Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497149
Last Updated: 11/28/2020
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